Summer 2024 Intern - Investments, Private Debt and Equity

Position Overview

Internship Overview

The position will provide the candidate with exposure to the various roles and responsibilities that exist within the investments department of an insurance company while providing RGA Investments the opportunity to identify early candidates that will fit the needs of the growing RGA Investments department. The candidate will get exposure to the analysis, systems, people, and practices in place within the Private Debt & Equity group.  Emphasis will be on providing support for deal memo preparation, ongoing monitoring of current investments, and analysis on the performance of RGA’s private debt and equity portfolio.

Role of Private Debt & Equity

RGA’s Private Debt & Equity group is responsible for originating, underwriting, and investing in direct debt and equity co-investments alongside its strategic private equity fund partners and independent sponsors.  We seek to invest in companies in the lower middle market with revenue of $25MM to $250MM with EBITDA ranging between $5MM to 35MM, providing financing for leveraged buyout transactions and other capital raising activities. 

Responsibilities

• Assist the private debt and equity team with deal preparation and analysis
• Participate in portfolio analysis including tasks with PD&E systems
• Assist the private debt and equity team with pipeline management and maintenance
• Work on portfolio reporting projects as needed
• Improve knowledge of private debt and equity underwriting and analysis
• Work on other cross-functional projects as time permits

Requirements

• Graduate applicants should be pursuing an MBA at a top tier institution; undergraduate applicants must be enrolled as a full-time student at the junior or senior level, pursuing a degree in Finance, Accounting, Economics, or Business at an accredited university
• Preferred work experience in private equity, lending, investment banking, or corporate credit
• Strong verbal and written communication skills
• Strong analytical and problem solving skills
• Advanced proficiency in MS Excel and MS Word
• Creative thinker and self-motivated

Company Overview

RGA Overview

Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA celebrates its 50th anniversary in 2023. Over the past five decades, RGA has become one of the world’s largest and most respected reinsurers and is listed among Fortune’s World’s Most Admired Companies. The global organization is guided by a fundamental purpose: to make financial protection accessible to all. RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus. RGA serves clients and partners in key markets around the world and has approximately $3.5 trillion of life reinsurance in force and assets of $89.0 billion as of June 30, 2023.

RGA Investments

Investments is comprised of over 190 associates located in offices in Hong Kong, London, Singapore, Toronto, and eight U.S. cities. Investments’ primary function within RGA is to invest cash flow to maximize investment income and improve profitability of business segments while remaining within the risk and rating constraints of the company. Investments plays an integral role in the growth of the business by developing customized portfolios for various and diverse business types.